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4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

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Fukushima 'ice wall' nearly done but doubts linger

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08/23/2017 | 09:15pm CEST

TOKYO - Fukushima's operator on Tuesday started freezing the last section of a $320 million ice wall designed to combat widespread water contamination at the site of the worst nuclear accident in a generation.

Tokyo Electric Power began pumping coolant into the remaining 7 meters of its 1.5-kilometer underground wall, which encircles the four reactors along Japan's northeast coast.

Underground pipes circulate the coolant and freeze soil around the buildings.

The 30-meter deep wall is designed to block underground water from nearby mountains from flowing into the shattered complex and then seeping into the Pacific.

It is reportedly expected to take more than two months until the wall is completely frozen.

The huge utility has been building the barrier since March 2016 with the government picking up its 34.5 billion yen ($320 million) price tag.

Even now, with the ice wall almost complete, about 140 tons of underground water flows into the plant daily, forcing the company to pump it out and store it in on-site tanks.

"When the ice wall is completed, we estimate that the amount of underground water flowing into the complex will be less than 100 tons," a company spokesman said.

But some experts have cast doubt on the ice wall, and the country's Nuclear Regulation Authority said it has not yet done an independent analysis.

"We doubt the ice wall is going to be as effective as TEPCO claims it will be," said an NRA official who spoke on condition of anonymity.

"We're going to monitor its progress after it is finished to check the impact."

In June, the NRA's acting chief Toyoshi Fuketa publicly accused TEPCO of lying about the wall's effectiveness.

The same month, three former company executives went on trial, facing the only criminal charges laid in the accident.

On March 11, 2011, a magnitude 9.0 undersea earthquake off Japan's northeastern coast sparked a massive tsunami that destroyed entire towns and villages along the Pacific shore, leaving nearly 18,500 people dead or missing.

The huge flow of water overwhelmed cooling systems at the Fukushima Daiichi plant, about 220 km northeast of Tokyo, causing meltdowns in three reactors.

Radiation spread over a wide area and forced tens of thousands of area residents to evacuate. Some may never be able to go home.

Agence France-Presse

(China Daily USA08/23/2017 page10)

(c) 2017 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2018 5 664 B
EBIT 2018 -
Net income 2018 274 B
Debt 2018 5 675 B
Yield 2018 -
P/E ratio 2018 2,73
P/E ratio 2019 4,18
EV / Sales 2018 1,13x
EV / Sales 2019 1,11x
Capitalization 749 B
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Tokyo Electric Power Compa Technical Analysis Chart | 9501 | JP3585800000 | 4-Traders
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Mean consensus HOLD
Number of Analysts 4
Average target price 500  JPY
Spread / Average Target 7,3%
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Managers
NameTitle
Tomoaki Kobayakawa President & Director
Takashi Kawamura Chairman
Toshihiro Sano Director
Yuji Masuda Director
Toshiro Takebe Director
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